Tax-exempt Status definition

Tax-exempt Status means the exclusion of interest on Tax-exempt Bonds from the gross income of the recipient thereof for federal income tax purposes.
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Tax-exempt Status. XXXXXX County is exempt from state and local sales and use taxes under Section 151.309 of the Texas Tax Code. This Contract is deemed a separate contract for Texas tax purposes, and as such, the County hereby issues its Texas Exemption for the purchase of any items qualifying for exemption under this agreement. Vendor is to issue its Texas Resale Certificate to contractors and subcontractors for such items qualifying for this exemption, and further, vendor should state these items at cost. BID REQUIREMENTS
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Tax-exempt Status and “Exempt” means exempt under §501(c)(4) of the Internal Revenue Code.
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Examples of Tax-exempt Status in a sentence

  • RENT OR FEES RECEIVED FROM USERf. TAX EXEMPT STATUS (check applicable box and submit copy of tax exempt status letter, if not submitted with a previous filing)INTERNAL REVENUE CODE:Section 501(c)(3)Section 501(c)(4) REVENUE AND TAXATION CODE:Section 23701dSection 23701fSection 23701w NOT TAX EXEMPT GOVERNMENT AGENCYPart A - enter user # a.

  • RENT OR FEES RECEIVED FROM USERf. TAX EXEMPT STATUS (check applicable box and submit copy of tax exempt status letter, if not submitted with a previous filing)INTERNAL REVENUE CODE:Section 501(c)(3)Section 501(c)(4) REVENUE AND TAXATION CODE:Section 23701dSection 23701fSection 23701wNOT TAX EXEMPTGOVERNMENT AGENCY Part A - enter user # a.

  • IB-15 TAX EXEMPT STATUS The contractor shall pay sales, consumer, use and similar taxes for the work or portions thereof provided by the contractor which are legally enacted when bids are received or negotiations concluded, whether or not yet effective or merely scheduled to go into effect.

  • TAX EXEMPT STATUS The Town represents that it is exempt from federal excise, state, and local taxes, and that sales to it are exempted from Massachusetts sales and use tax.

  • The major work was as follows: (1) Continued innovation in key and core technologies.

  • IB-14 TAX EXEMPT STATUS The contractor shall pay sales, consumer, use and similar taxes for the work or portions thereof provided by the contractor which are legally enacted when bids are received or negotiations concluded, whether or not yet effective or merely scheduled to go into effect.

  • TAX EXEMPT STATUS Valid holders of 501(c) 3 tax status are exempt from the rental charge; however maintenance and security fees apply.

  • Request merchants to give detailed description of goods, not just “misc.” BE SURE TO REMIND THE VENDOR OF UNIFIED SCHOOL DISTRICT 500’S TAX EXEMPT STATUS WHEN MAKING A PURCHASE.

  • TAX EXEMPT STATUS OF INTEREST: The bid proposals should reflect that the interest component on the debt service payments is excludable from gross income for federal income tax purposes and is exempt from the Rhode Island Personal Income Tax.

  • TAX EXEMPT STATUS Often the most time consuming and confusing task in the process of conceiving an organization is comprehending the various vocabulary and hierarchical distinctions involved in the process.


More Definitions of Tax-exempt Status

Tax-exempt Status. As an agency of the State of Texas, TAMU-CC is tax exempt. Tax exemption certification will be furnished upon request.
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Tax-exempt Status. As an agency of the State of Texas, A&M-Commerce is tax exempt in the State of Texas. Tax exemption certification will be furnished upon request.
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Tax-exempt Status. The "City" is exempt from the Federal Excise and Transportation Tax, and the limited Sales and Use Tax. Unless the "City" of Houston Bid Form or specifications specifically indicates otherwise, the price bid must be net exclusive of above-mentioned taxes. A "vendor" desiring refunds of, or exemptions from taxes paid on the item(s) accepted by the "City", must submit the proper forms, and the City of Houston Purchasing Agent, if satisfied as to the facts, and will issue the necessary certificate.
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Tax-exempt Status means the association is exempt from federal income taxes as
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Related to Tax-exempt Status

  • Tax-Exempt means with respect to interest on any obligations of a state or local government, including the Bonds, that such interest is excluded from gross income for federal income tax purposes; provided, however, that such interest may be includable as an item of tax preference or otherwise includable directly or indirectly for purposes of calculating other tax liabilities, including any alternative minimum tax or environmental tax, under the Code.

  • Tax Exempt Person means a person who is exempt from tax under Part I of the Tax Act.

  • Tax-Exempt Organization means a "governmental unit," as such term is used in Sections 141 and 148 of the Code.

  • Tax Exemption means any financial assistance granted to a project which is based upon all or a portion of the taxes which would otherwise be levied and assessed against a project but for the involvement of the Agency in such project.

  • Tax-Exempt Bond means any of a series of the Schwarz Paper Building Redevelopment Project Tax Allocation Bonds of the City, the interest on which is determined by the City to be excludable from gross income for federal income tax purposes.

  • Tax Exemption Certificate means the Tax Exemption Certificate approved under the terms of this Resolution and to be executed by the Treasurer and delivered at the time of issuance and delivery of the Notes.

  • Tax Exempt Obligations means any bond, note or other obligation issued by any person, the interest on which is excludable from gross income for federal income tax purposes.

  • Tax-Exempt Bonds means Bonds of a Series the interest on which, in the opinion of Bond Counsel on the date of original issuance thereof, is excludable from gross income for federal income tax purposes.

  • Change in Status means any of the events described below, as well as any other events included under subsequent changes to Code section 125 or regulations issued thereunder, which the Plan Administrator, in its sole discretion and on a uniform and consistent basis, determines are permitted under IRS regulations and under this Plan:

  • Ownership Change means a change in a hospital’s owner, lessor, or operator under 42 CFR 489.18(a).

  • REIT Status means, with respect to any Person, (a) the qualification of such Person as a real estate investment trust under the provisions of Sections 856 et seq. of the Code and (b) the applicability to such Person and its shareholders of the method of taxation provided for in Sections 857 et seq. of the Code.

  • Health status-related factor means any of the following factors:

  • Ownership Change Event means the occurrence of any of the following with respect to the Company: (i) the direct or indirect sale or exchange in a single or series of related transactions by the stockholders of the Company of securities of the Company representing more than fifty percent (50%) of the total combined voting power of the Company’s then outstanding securities entitled to vote generally in the election of Directors; (ii) a merger or consolidation in which the Company is a party; or (iii) the sale, exchange, or transfer of all or substantially all of the assets of the Company (other than a sale, exchange or transfer to one or more subsidiaries of the Company).

  • Change in Tax Classification has the meaning set forth in Section 5.2(h).

  • Status refers to the determination of which of Level I Status, Level II Status, Level III Status, Level IV Status, Level V Status or Level VI Status exists at any date.

  • Tax Law Change means a change in or proposed change in, or amendment or proposed amendment to, the laws or regulations of the United Kingdom or any political subdivision or any authority thereof or therein having the power to tax, including any treaty to which the United Kingdom is a party, or any change in the application of official or generally published interpretation of such laws or regulations, including a decision of any court or tribunal, or any interpretation or pronouncement by any relevant tax authority that provides for a position with respect to such laws or regulations or interpretation thereof that differs from the previously generally accepted position in relation to similar transactions, which change or amendment becomes, or would become, effective on or after the Issue Date;

  • Level VI Status exists at any date if, on such date, the Borrower has not qualified for Level I Status, Level II Status, Level III Status, Level IV Status or Level V Status.

  • Change in Control of the Corporation means a change in control of a nature that would be required to be reported in response to Item 6(e) of Schedule 14A of Regulation 14A promulgated under the Securities Exchange Act of 1934, as amended ("Exchange Act"), or any successor thereto, whether or not the Corporation is registered under the Exchange Act; provided that, without limitation, such a change in control shall be deemed to have occurred if (i) any "person" (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) is or becomes the "beneficial owner" (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Corporation representing 25% or more of the combined voting power of the Corporation's then outstanding securities; or (ii) during any period of two consecutive years, individuals who at the beginning of such period constitute the Board of Directors of the Corporation cease for any reason to constitute at least a majority thereof unless the election, or the nomination for election by stockholders, of each new director was approved by a vote of at least two-thirds of the directors then still in office who were directors at the beginning of the period.

  • Level V Status exists at any date if, on such date, the Borrower has not qualified for Level I Status, Level II Status, Level III Status or Level IV Status.

  • Change in Control of the Company means the occurrence of any of the following events:

  • Nonexempt property means property that is not a principal residence, qualified agricultural property, qualified forest property, supportive housing property, industrial personal property, commercial personal property, or property occupied by a public school academy.

  • Event of withdrawal of a general partner means an event that causes a person to cease to be a general partner as provided in section 402.

  • Tax Matters Person Certificate The Class A-R Certificate with a Denomination of $0.01.

  • Change in Use means altering the purpose of an existing room, within the facility, that requires structural changes.

  • Material Financial Relationship means a relationship in which one person is a recipient of any kind of payment such as by way of a loan or gift during the immediately preceding twelve months, equivalent to at least 25% of such payer’s annual income but shall exclude relationships in which the payment is based on arm’s length transactions.

  • Company action level event means any of the following events: